Tax implications of financial orders

The tax implications of financial orders will be dependent on the type of orders made, the nature of the assets and the circumstances of the case. Specialist tax advice should be sought as required, in particular as to the net effect of the order before it is made. Particular considerations apply in relation to pensions. See Practice Notes: Tax implications of financial orders and Tax implications in relation to pensions.

Property adjustment orders

There are a number of tax consequences arising in connection with property adjustment orders, including:

•
whether there is an exemption from capital gains tax (CGT)—note that where a disposal occurs on or after 6 April 2023, there are changes to the CGT rules that apply to transfers of assets between spouses and civil partners who are in the process of separating, and
•
whether stamp duty land tax (SDLT) is payable

See: Property adjustment orders.

Periodical

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